Italy’s factories have started to cut their workforce as the country’s manufacturing recession shows no sign of a let-up.
An index based on surveys of purchasing managers by S&P Global in the euro-zone’s third-biggest economy extended its negative series in August, hitting an index level of 45.4.
“The manufacturing recession which started mid-last year continues to stretch out,” Tariq Kamal Chaudhry, an economist at Hamburg Commercial Bank, said in an accompanying analysis. “Once more, overall orders felt the squeeze, mostly due to overseas demand.” That may be a problem for Prime Minister Giorgia Meloni’s government, which is set to present a budget later this month and was counting on growth to meet deficit targets.
Despite the economic difficulties, Italy’s labor market has held up well, though the monthly PMI survey suggests that trend may be about to change.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Native Italian Goes Dogmatic And Dramatic On Why Drinking A Cappuccino After Lunch Is ‘Heresy’Netizens pick a fight with Italian food blogger online saying you absolutely mustn’t drink a cappuccino after noon.
Lire la suite »
Motor racing-Formula One statistics for the Italian Grand Prix(Reuters) - Formula One statistics for Sunday's Italian Grand Prix at Monza (round 14 of the 22 race championship): Lap distance: 5.793km. Total ...
Lire la suite »
Five railway workers killed in north Italian train accidentTURIN, Italy (Reuters) - Five Italian railway workers were killed when they hit by a train near Turin, the state railway Rete Ferroviaria Italiana ...
Lire la suite »
Speeding train slams into railway workers on tracks at Italian station, killing 5A speeding work train slammed into a group of workers doing nighttime track maintenance in northern Italy early Thursday, killing five of them, authorities said.
Lire la suite »
Meloni Takes Her Chance to Tighten Grip on Italian CapitalismAfter almost a year of treading carefully, Italian Premier Giorgia Meloni is unleashing her brand of hands-on capitalism with greater gusto, and that’s making some investors nervous.
Lire la suite »
Swiss Start Consultation on Constitutional Protection for CashThe Swiss government started a consultation on a proposal to enshrine the availability of cash in the constitution.
Lire la suite »